The United States as the World's Financial Leader
The United States prides itself on being the financial leader of the world. By far the largest economy, it wields tremendous influence over, and bears responsibility to, the financial markets of other nations. There are two areas recognized as key to its economic leadership: its financial markets, and its high technology industry.
The United States capital market is generally thought to be the best in the world at allocating capital. It is highly developed, effective, and transparent. About America's financial markets, Fed Chairman Alan Greenspan told a Senate Committee in April 2000, “Participants in our equity markets have succeeded in concentrating a great depth of liquidity that is the envy ...
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